MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0156865
Madgets India Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33 Cr
▼ 43% YoY
Net profit · FY 2024
₹53.87 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹82.1 Lakh
EBITDA margin 2.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹95 Lakh
Secured borrowings
Company age
16 yrs
Est. 2010
Directors on board
4
As per MCA filings
About Madgets India Private Limited
Data last updated:
Madgets India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 15 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31501KA2010PTC054494. Its GSTIN is 29AAJCA0719Q1Z6 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Aqua Tech Electricals Private Limited. It is led by directors including Rajesh and Pratibha Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 25 Ground Floor Poornima Building State Bank Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹33 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹53.87 Lakh (net margin 1.6%) and EBITDA of ₹82.1 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹95 Lakh on record.
Madgets India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0156865). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website microtechindia.biz.
Company Details of Madgets India Private Limited
CIN U31501KA2010PTC054494
Registration Number 054494
Incorporation Date 15 July 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0156865
Recognitions & Rankings of Madgets India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 25 Ground Floor Poornima Building State Bank Road, Bangalore, Karnataka, India – 560001
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
Comprehensive company report
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Business Activity of Madgets India Private Limited
The main business activity of Madgets India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Madgets India Private Limited FY 2025 filings available
Madgets India Private Limited reported revenue of ₹33 Cr (down 43% YoY) for FY 2024.
Revenue · FY 2024
₹33 Cr ▼ 43%
Net profit · FY 2024
₹53.87 Lakh margin 1.6%
EBITDA · FY 2024
₹82.1 Lakh margin 2.5%
Compounded Annual Growth Rate (CAGR) of Madgets India Private Limited
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▲ 87%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 329%
5 years · compounded
▲ 32%
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Madgets India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹82.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹53.87 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Madgets India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Madgets India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Madgets India Private Limited
Madgets India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh | Director | 25 Nov 2015 | 10 Years 10 Months | Current |
| Pratibha Jain | Director | 02 Apr 2016 | 10 Years 6 Months | Current |
| Nidhi Bhansali | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Ayushi Bhansali | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
Peer Comparison of Madgets India Private Limited
Madgets India Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Connections Sales and Services Private Limited | ₹33.39 Cr (FY 2022) | •••• | •••• | 183.0% | •••• | Kayamkulam, Kerala, India |
| Aba Infrastructure Private Limited | ₹33.11 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Simply Electrifying Private Limited | ₹33.09 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Pune, Maharashtra, India |
| Airbizz Air Conditioning Private Limited | ₹33.05 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Ahmedabad, Gujarat, India |
| Digitech Imports Private Limited | ₹33.01 Cr (FY 2019) | •••• | •••• | 61.0% | •••• | New Delhi, Delhi, India |
| Madgets India Private Limited this company | ₹33 Cr (FY 2024) | •••• | •••• | -43.0% | •••• | Bangalore, Karnataka, India |
| Veekap Technologies India Private Limited | ₹32.97 Cr (FY 2023) | •••• | •••• | 68.0% | •••• | Secunderabad, Telangana, India |
| Aptus Esolutions Private Limited | ₹32.96 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chiyyaram, Kerala, India |
| Conet Technologies Private Limited | ₹32.94 Cr (FY 2024) | •••• | •••• | 73.0% | •••• | Bangalore, Karnataka, India |
| Shanu Traders Private Limited | ₹32.9 Cr (FY 2020) | •••• | •••• | -7.0% | •••• | Bazpur, Uttarakhand, India |
| Business House Electronics (India) Private Limited | ₹32.89 Cr (FY 2017) | •••• | •••• | 86.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Madgets India by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Madgets India Private Limited
Madgets India Private Limited is audited by N.L.K & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.L.K & Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Madgets India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Madgets India Private Limited
Open charges
₹95 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2019 | Others | ₹95 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Madgets India Private Limited
Employment history and EPFO contributions of people linked to Madgets India.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Madgets India Private Limited
Madgets India Private Limited has 12 board changes on record since 2015: 4 appointments and 8 cessations. The latest: Ayushi Bhansali ceased to be Additional Director on 30 Nov 2021.
AGM
Madgets India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Madgets India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ayushi Bhansali ceased to be Additional Director.
Ceased
Nidhi Bhansali ceased to be Additional Director.
Appointed
Ayushi Bhansali was appointed as Director.
Appointed
Nidhi Bhansali was appointed as Director.
Charges
A charge with Others amounted to Rs. 95.00 Lakh with Charge ID 100268608 was registered on 26 Mar 2019.
Ceased
Pratibha Jain ceased to be Additional Director.
Ceased
Mahaveer Mohanlal Jain ceased to be Director.
Ceased
Vinod Mohanlal Jain ceased to be Director.
Appointed
Pratibha Jain was appointed as Director.
Ceased
Anil Bansali Kumar ceased to be Additional Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Madgets India Private Limited
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Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Madgets India Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Madgets India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Madgets India Private Limited
Madgets India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCA0719Q1Z6 | Karnataka | Active | 01 Jul 2017 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Madgets India Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Madgets India Private Limited
Madgets India is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 15 July 2010 (16+ years old) and is registered under CIN U31501KA2010PTC054494.
Madgets India reported revenue of ₹33 Cr for FY 2024 (down 43% YoY).
Madgets India has 4 current directors:
- Rajesh - Director
- Pratibha Jain - Director
- Nidhi Bhansali - Director
- Ayushi Bhansali - Director
Madgets India reported a net profit of ₹53.87 Lakh (net margin 1.6%) and EBITDA of ₹82.1 Lakh (EBITDA margin 2.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Madgets India is 87% over three years and 1% over five years. In the latest year (FY 2024) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Madgets India is 29AAJCA0719Q1Z6, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Madgets India is U31501KA2010PTC054494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madgets India was incorporated on 15 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Madgets India by revenue are Connections Sales and Services Private Limited, Aba Infrastructure Private Limited, Simply Electrifying Private Limited, Airbizz Air Conditioning Private Limited, Digitech Imports Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Ayushi Bhansali ceased to be Additional Director on 30 Nov 2021. Nidhi Bhansali ceased to be Additional Director on 30 Nov 2021. Ayushi Bhansali was appointed as Director on 01 Apr 2021. Madgets India has 12 board changes on record in total.
Yes, Madgets India is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0156865).